Daily iron ore price update (steps down)

Wednesday, 31 March 2021

The ferrous complex fell on March 30, 2021 as iron ore spot and steel futures eased. Paper markets were up modestly overnight after the front-month contract rolled forward:

The rising US dollar will become a headwind for iron ore soon.

CBA is making sense:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.